Economic Systems In the world today there are primarily three types of economies and they are capitalism, socialism, and communism. The United States is an example of a capitalistic country, where Cuba is an example of a country adhering to Communism. These three economic types have scattered similarities as well as striking differences. Capitalism is a system of economics governed b the will of the people and the doctrine of free enterprise. Socialism is a …
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showed last 75 words of 350 total
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